DX broke through the top of a flat-topped megaphone back in mid-November, and then hung around without really taking off. That usually means it’s turning the flat-topped megaphone into a conventional megaphone (orange on chart).
DX also needs to retrace to the bottom of its blue rising megaphone.
DX could be completing the top before the dip right now, or it could work its way higher in another leg up for a taller head on a H&S top for the head of a larger H&S for the blue rising megaphone.
Euro futures have confirmed a falling wedge bottom.